Starting this month, Oklahoma residents who received or are approved to receive unemployment compensation during 2021 may be eligible for financial help to purchase health insurance. Oklahomans enrolling in the Affordable Care Act (ACA) Marketplace through HealthCare.gov are eligible to receive increased tax credits to reduce their insurance premiums.
“This is an opportunity for Oklahomans in need,” Insurance Commissioner Glen Mulready said. “I encourage any unemployed, uninsured Oklahomans to use these tax credit savings and get the coverage they need before the Special Enrollment Period (SEP) ends.”
If an individual qualifies, coverage can begin as soon as Aug. 1 and the savings will last through the end of the year. The ACA SEP is scheduled to end on Aug. 15, 2021. Whether you keep your plan or change to a different plan, make sure to check with your insurance agent or company on your deductibles and maximum out-of-pocket amounts already met for the current year as well as their transfer policy. Go to HealthCare.gov to get free enrollment assistance and find out if you qualify for additional financial assistance.
In addition, if you are eligible for COBRA because of the reduction of hours or involuntary loss of a job, you may get help in paying your premium from April 1, 2021, through Sept. 30, 2021. If you qualify, your former employer is required to notify you in writing. Contact your former employer, plan administrator or insurance company if you think you are eligible.
If you have questions about other insurance issues, contact the Oklahoma Insurance Department at 1-800-522-0071 or visit the website at www.oid.ok.gov.
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